Democratic Republic of Congo

Lord Avebury Excerpts
Tuesday 15th May 2012

(12 years, 6 months ago)

Lords Chamber
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Lord Howell of Guildford Portrait Lord Howell of Guildford
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Yes, that is exactly the kind of proposal that Clare Short, as chair of the EITI, is examining in her strategic working group. Of course, not every company and certainly not every country has signed up to the EITI. Those that have are required to make certain reports, although those reports do not cover all the issues we are discussing now. Her idea, and that of the EITI, is to see whether the requirements for standards for signatories to the EITI can be increased and, obviously, for other countries—and the DRC being a candidate country—to sign up to the whole initiative.

Lord Avebury Portrait Lord Avebury
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My Lords, as I understood the Minister’s reply to my noble friend’s supplementary question, the rules of the EITI do not at present require candidate countries or full members to disclose accounts of the sales of mining assets. Will my noble friend press not only for sales to be disclosed but for countries that are candidates or full members to publish due diligence reports identifying the purchasers and verifying that they are fit and proper persons to comply with the EITI rules, and ensure that the rules are amended for that purpose?

Lord Howell of Guildford Portrait Lord Howell of Guildford
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I repeat that this is exactly what the EITI initiative proposes. Incidentally, this body was set up in 2002 by the previous Government. It has been a considerable influence and success, although it has a long way to go in certain areas. These are just the sort of proposals for an extended authority of the EITI that will be considered by the strategic working group. That aim should certainly be supported by the Government and all Governments who are full members of the EITI now. We recognise the need also for candidates to be required to move to higher standards in order to become full members.